Small Business Insurance

Small Business LLC Insurance

Small businesses are critical to local economies, and they need comprehensive coverages to protect their assets, control losses, and build a foundation for success.

Bakery shop owner

The Benefits of Consulting With BMB

Bowen, Miclette & Britt offers brokerage services to help small businesses mitigate risk and protect their assets. Our team builds trusted relationships with clients, starting with a needs assessment and continuing with ongoing support. We’re committed to helping small businesses succeed by answering any questions they have and finding coverage with competitive rates.

What Is Small Business Insurance?

Small business insurance is commercial insurance designed to protect a company from bodily injury, property damage, legal claims, and more. Commercial insurance can represent large enterprises, but the difference lies in the type and scale of coverages needed to protect assets. Insurance for start-ups is key to its long-term success.

Why Do Small Businesses Need These Coverages?

While large enterprises have over 500 employees and extensive property to protect, small businesses have fewer team members, equipment, and office spaces. Though small businesses have less to protect, they’re typically independently owned and operated. Any losses in these instances can have a significant effect on the success of the business.

Without insurance, small business owners may have to pay for damages out of pocket. Since these businesses have smaller incomes than large enterprises, these out-of-pocket costs can feel immense in comparison. Insurance for start-ups and small businesses is vital for:

• Complying with government regulations or landlord policies
• Responding to workers’ compensation claims
• Safeguarding your business and employees amidst lawsuits
• Managing costs following natural disasters, vandalism, or theft

What Are Small Business Insurance Coverages?

Small business insurance coverages can include a range of policies. Examples of the types of coverages small businesses rely on include:

• General liability: This coverage protects businesses from bodily injuries, advertising injuries, and customer property damage. Many commercial leases will require general liability coverage.
• Commercial property: These policies safeguard a business’s physical structure and its contents, including furniture, equipment, and inventory.
• Business Owner’s Policy (BOP): A BOP bundles commercial property and general liability under one plan and can be a cost-effective option for small businesses.
• Business income: Alternatively known as business interruption insurance, this coverage compensates for lost income due to property damage.
• Workers’ compensation: Most states require businesses to have this coverage. If an employee becomes injured or ill on the job, this coverage will address associated costs.
• Cyber liability: In the event of a cyber-attack or data breach involving leaked information, cyber liability can cover associated costs.
• Professional liability: Also known as Errors and Omissions (E&O), this policy covers business during lawsuits related to work performance, such as professional negligence, work mistakes, and project scope disputes.
• Commercial auto: When small businesses rely on company cars, commercial auto policies cover the cost of vehicle accidents, vandalism, and theft.

Get Small Business General Liability Insurance in Texas

If you need insurance for your small business, you may qualify to get insurance coverage today from one of America’s leading small business insurers.  The Hartford’s Inside Sales team has over 65 licensed sales professionals providing quotes to eligible small businesses and they are available Monday – Friday 8 a.m. ET to 7 p.m. ET.  Please provide the information requested below and you’ll be contacted by a Hartford Sales Team representative that will determine eligibility and then collect the necessary information to provide a quote over the phone.

Inquiry Disclaimer

Please note completion of any request(s) for information does not constitute the purchase of insurance. No coverage may be added, changed or bound as a result of submitting a request for information or quotation of insurance. All coverage must be confirmed by the agency in writing subject to an acceptable signed application meeting the underwriting guidelines of the Insurance Company.